HubSpot, Inc. (NYSE:HUBS) Shares Acquired by Huntington National Bank

Huntington National Bank boosted its holdings in HubSpot, Inc. (NYSE:HUBS) by 9.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 417 shares of the software maker’s stock after acquiring an additional 36 shares during the period. Huntington National Bank’s holdings in HubSpot were worth $291,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Private Portfolio Partners LLC acquired a new stake in shares of HubSpot in the fourth quarter valued at approximately $217,000. Massachusetts Financial Services Co. MA lifted its stake in HubSpot by 18.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 676,074 shares of the software maker’s stock valued at $471,068,000 after buying an additional 104,800 shares in the last quarter. Groupama Asset Managment grew its holdings in HubSpot by 3.8% during the 4th quarter. Groupama Asset Managment now owns 726,799 shares of the software maker’s stock valued at $506,412,000 after buying an additional 26,799 shares during the last quarter. May Hill Capital LLC acquired a new stake in HubSpot during the 4th quarter valued at $1,186,000. Finally, Headlands Technologies LLC purchased a new position in HubSpot during the fourth quarter worth $160,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on HUBS. JPMorgan Chase & Co. increased their price objective on HubSpot from $635.00 to $725.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. TD Cowen cut shares of HubSpot from a “buy” rating to a “hold” rating and raised their price target for the stock from $680.00 to $725.00 in a research note on Friday, January 17th. KeyCorp upgraded shares of HubSpot from a “sector weight” rating to an “overweight” rating and set a $920.00 price target for the company in a report on Thursday, February 13th. William Blair reissued an “outperform” rating on shares of HubSpot in a research note on Thursday, February 13th. Finally, Redburn Atlantic started coverage on HubSpot in a report on Wednesday, February 19th. They issued a “buy” rating for the company. Five investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, HubSpot currently has an average rating of “Moderate Buy” and a consensus target price of $848.58.

HubSpot Price Performance

Shares of HUBS opened at $500.79 on Friday. HubSpot, Inc. has a 12 month low of $434.84 and a 12 month high of $881.13. The stock’s 50-day moving average is $688.31 and its two-hundred day moving average is $659.95. The stock has a market cap of $26.12 billion, a PE ratio of 5,564.93, a P/E/G ratio of 41.44 and a beta of 1.82.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $2.18 by ($1.98). HubSpot had a negative return on equity of 0.07% and a net margin of 0.17%. On average, research analysts anticipate that HubSpot, Inc. will post 1.01 earnings per share for the current year.

Insider Activity at HubSpot

In other HubSpot news, insider Brian Halligan sold 8,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $607.48, for a total transaction of $5,163,580.00. Following the completion of the sale, the insider now owns 527,233 shares in the company, valued at $320,283,502.84. This trade represents a 1.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Yamini Rangan sold 2,382 shares of HubSpot stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $573.92, for a total value of $1,367,077.44. Following the sale, the chief executive officer now owns 72,373 shares in the company, valued at $41,536,312.16. This represents a 3.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 19,382 shares of company stock valued at $13,415,657. Corporate insiders own 4.50% of the company’s stock.

About HubSpot

HubSpot, Inc, together with its subsidiaries, provides a cloud-based customer relationship management (CRM) platform for businesses in the Americas, Europe, and the Asia Pacific. The company's CRM platform includes Marketing Hub, a toolset for marketing automation and email, social media, SEO, and reporting and analytics; Sales Hub offers email templates and tracking, conversations and live chat, meeting and call scheduling, lead and website visit alerts, lead scoring, sales automation, pipeline management, quoting, forecasting, and reporting; Service Hub, a service software designed to help businesses manage, respond, and connect with customers; and Content Management Systems Hub enables businesses to create new and edit existing web content.